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SEE ALL TEMPLATES

We have moved all templates to this collection page. It includes All Resume and Cover Letter Templates, Business Plan Templates, Invoice Templates and More...

Monday, July 15, 2024

Naira to Dollar Rate Today

Pharmaceutical Companies Struggle with Forex Shortage as Multinationals Withdraw – PMG-MAN

The Pharmaceutical Manufacturers Group of the Manufacturers Association of Nigeria (PMG-MAN) says there is not enough foreign money in Nigeria. They are worried because this makes it very hard for medicine companies to work.They also...

Newslodge 2024 Q3 Outlook: Stable Forex Essential for Attracting FDIs in Nigeria – Olusegun Zaccheaus

Nigeria is facing economic problems like rising prices, a weaker Naira, and changing trust from investors. Experts say that the country needs to create a steady and...

FX Turnover Soars by 40% This Week Amid Increased Dollar Supply from CBN

In Nigeria, the official foreign exchange (FX) market saw a big increase this week. It went up by 40%! Some information from FMDQ, collected by Nairalytics, reveals this rise. Last week (July 1 to...

Customs Duties Collection FX Rate Surpasses Official Market Rate

The exchange rate for Nigeria Customs Service (NCS) duties has gone up from N1,520 per dollar to N1,558 per dollar.This is an increase of N38 from the previous rate and it's higher than the NAFEM closing rate of N1554.65...

Exchange Rate Drops to July Low of N1,563.8/$1 Despite Central Bank FX Sales

The naira got lower this July. On Friday, July 12, 2024, one dollar was worth N1,563.80. This was after a little rise the day before.As per FMDQ, the naira lost value...

CBN Sells $122.67 Million to 46 Authorized Forex Dealers

The Central Bank of Nigeria (CBN) has made a big move to help the country's money market by selling $122.67 million to 46 authorized dealers. This action is to make the market stable and stop sudden changes. The exchange rate...

Senate Votes Down Bill Aimed at Regulating FX Market Transactions

Senate Rejects Foreign Exchange Monitoring BillSenate Rejects Foreign Exchange Monitoring Bill The Senate recently said "no" to a new rule...

Naira Plummets Beyond ₦2,000 Against British Pound

Sure! Let's simplify this article so it's easy for anyone to understand, even young kids. We'll keep it unique and add some examples to make it clearer. Here we go:The naira started Thursday’s session at the lower end of...

Nigeria’s Foreign Exchange Reserves Surpass $35 Billion for the First Time Under Tinubu Administration

Nigeria’s external reserves have grown again and now stand at $35.05 billion as of July 8, 2024.The central bank's data, reviewed by Newslodge, confirms this increase.This is the highest level since May 30,...

Nigeria’s Official Exchange Rate Plummets to N1,561, Reaching Lowest Level Since March

The value of the naira, Nigeria's money, went down a lot in its exchange market. On Wednesday, July 10, 2024, the rate was N1,561.98 for every $1. This is called depreciation.The FMDQ Securities Exchange, which keeps track of these...

Latest News

Businessmen Charged in Connection to Alleged N11 Million Fraud

A 45-year-old businessman named Dada Alaba was taken to court on Monday. The court is called Ejigbo Magistrates' Court...